CLSE — Convergence Long/Short Equity ETF
Convergence Long/Short Equity ETF (ticker: CLSE) is a alternatives ETF issued by Convergence Investment Partners, LLC tracking ACTIVE - No Index. It was launched on 2022-02-22.
About CLSE
The Convergence Long/Short Equity ETF (CLSE) is an actively managed alternatives fund that employs hedge fund strategies. It aims to generate returns through both long and short positions in equity securities, seeking to capitalize on opportunities across various market conditions. The fund invests across North America, holding a portfolio of 361 securities.
Investors might consider CLSE for exposure to an active long/short equity strategy, which traditionally aims for absolute returns and lower correlation to traditional asset classes. The strategy involves significant cash holdings, which can be used for new positions or to manage risk.
- CLSE is an actively managed ETF in the Alternatives: Hedge Fund Strategies segment.
- It holds 361 positions, with significant allocation to Cash & Other (37.15%).
- Top equity holdings include NVIDIA Corp, Broadcom Inc, and Lam Research Corp.
- The fund was incepted on February 22, 2022, and has an expense ratio of 1.44%.
- For investors seeking a hedge fund-like strategy within an ETF structure, CLSE offers an actively managed approach.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 0.35% |
| 1 Week | 2.20% |
| 1 Month | 9.39% |
| 3 Months | 23.28% |
| 6 Months | 27.34% |
| YTD | 25.76% |
| 1 Year | 49.47% |
| 3 Years | 129.81% |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | Cash & Other | Cash&Other | 38.17% |
| 2 | Cash & Other | Cash&Other | 38.17% |
| 3 | Cash & Other | Cash&Other | 38.17% |
| 4 | Cash & Other | Cash&Other | 38.17% |
| 5 | Cash & Other | Cash&Other | 38.17% |
| 6 | Cash & Other | Cash&Other | 38.17% |
| 7 | Cash & Other | Cash&Other | 37.84% |
| 8 | Cash & Other | Cash&Other | 37.84% |
| 9 | Cash & Other | Cash&Other | 37.84% |
| 10 | Cash & Other | Cash&Other | 37.84% |
Fund Profile
| Issuer | Convergence Investment Partners, LLC |
|---|---|
| Brand | Convergence |
| Asset Class | alternatives |
| Strategy | Active |
| Structure | ETF |
| Category | Hedge Fund Strategies |
| Segment | Alternatives: Hedge Fund Strategies |
| Region | North America |
| Index Tracked | ACTIVE - No Index |
| Inception Date | 2022-02-22 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | CLSE |
|---|---|
| Full Name | Convergence Long/Short Equity ETF |
| Issuer | Convergence Investment Partners, LLC |
| Asset Class | alternatives |
| Expense Ratio | 0.01% |
| AUM | $629.10M |
| Inception | 2022-02-22 |
| Index Tracked | ACTIVE - No Index |
Frequently Asked Questions
What does CLSE track?
CLSE (Convergence Long/Short Equity ETF) tracks ACTIVE - No Index, a alternatives benchmark.
What is the expense ratio of CLSE?
CLSE has an expense ratio of 0.01% per year.
What is the AUM of CLSE?
CLSE has approximately $629.10M in assets under management.
Does CLSE pay a dividend?
CLSE distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues CLSE?
CLSE is issued by Convergence Investment Partners, LLC under the Convergence brand, launched on 2022-02-22.
Open the interactive CLSE dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.